Rulings
NCLAT: Rejects successful bidder's appeal seeking Resolution Plan withdrawal; Can't attribute implementation-failure to pandemic
NCLT: Allows application seeking reliefs essential to run Corporate Debtor sold as ‘going concern’
NCLAT: Upholds NCLT order rejecting time-barred insolvency application, for inadequately explained delay
SC: Person ineligible to submit resolution plan for Corporate Debtor, also cannot propose arrangement scheme
NCLAT: Extends “Reverse CIRP” timeline for real estate firm, given COVID-19 pandemic
SC: Directs Arbitrator to adjudicate upon existence of arbitration agreement; Quashes HC’s findings
IBBI: Cancels Valuer's registration for concealment of information about pending criminal proceedings
SC: NCLAT cannot interfere with CoC’s commercial wisdom; Cites bid approval by “thumping majority”
SC: HC cannot refer parties to arbitration when claims ex facie time-barred
HC: Allows MCA to proceed against Cos. for non-appointment of whole-time CS
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